The Democratic-Republican Party and the Federalist Party were the two American political parties that opposed each other from the end of the 18th century to the beginning of the 19th century. The founder of the American financial system, Alexander Hamilton, received opposition to the financial plan he proposed which mainly came from one of the American Founding Fathers, Thomas Jefferson. As a result of this, the two parties emerged, which were led by Hamilton (Federalists) and Jefferson (Democratic-Republicans), hence the occasional titles of the two- Hamiltonians and Jeffersonians.
In this article we will examine the differences between the two parties.
|The Federalists||The Democratic-Republicans|
|Supporters: wealthy people, aristocrats||Supporters: commoners, middle-class|
|What the Constitution doesn’t forbid, can be done||The Constitution must be strictly interpreted|
|Economy should be based on merchants and trade||Economy should be based on agriculture|
|For the First Bank of the United States||Against the First Bank of the United States|